Price for Mineral Substances Not Elsewhere Specified or Included in New Zealand - 2023

Contents:

1. Price for Mineral Substances Not Elsewhere Specified or Included in New Zealand (CIF) - 2022
2. Price for Mineral Substances Not Elsewhere Specified or Included in New Zealand (FOB) - 2023
3. Imports of Mineral Substances Not Elsewhere Specified or Included in New Zealand
4. Exports of Mineral Substances Not Elsewhere Specified or Included in New Zealand

Price for Mineral Substances Not Elsewhere Specified or Included in New Zealand (CIF) - 2022

In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $379 per ton, growing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2014 an increase of 47%. Over the period under review, average import prices attained the peak figure at $437 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($499 per ton) and China ($364 per ton), while the price for Germany ($345 per ton) and Israel ($349 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mineral Substances Not Elsewhere Specified or Included in New Zealand (FOB) - 2023

The average export price for mineral substances not elsewhere specified or includeds stood at $303 per ton in December 2023, picking up by 11% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 11% month-to-month. Over the period under review, the average export prices reached the maximum in December 2023.

Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Australia ($310 per ton), while the average price for exports to Taiwan (Chinese) ($241 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mineral Substances Not Elsewhere Specified or Included in New Zealand

For the fourth year in a row, New Zealand recorded growth in purchases abroad of mineral substances not elsewhere specified or includeds, which increased by 21% to 13K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of mineral substances not elsewhere specified or includeds skyrocketed to $5M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to New Zealand in 2022:

1. Germany (4.7K tons)
2. South Africa (3.2K tons)
3. China (2.7K tons)
4. Australia (1.7K tons)
5. Israel (0.4K tons)
6. Indonesia (0.2K tons)
7. United States (0.2K tons)

Exports of Mineral Substances Not Elsewhere Specified or Included in New Zealand

Exports of mineral substances not elsewhere specified or includeds from New Zealand amounted to 15K tons in 2022, growing by 4.9% against the year before. In general, exports, however, showed a mild setback. The growth pace was the most rapid in 2021 when exports increased by 21%.

In value terms, exports of mineral substances not elsewhere specified or includeds soared to $3.8M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from New Zealand in 2022:

1. Australia (11.3K tons)
2. Taiwan (Chinese) (1.3K tons)
3. South Korea (0.9K tons)
4. France (0.7K tons)
5. Malaysia (0.5K tons)
6. Japan (0.3K tons)

Source: IndexBox Market Intelligence Platform